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A state of constant and escalating competition.
Hypercompetition
The process of imagining and developing something new.
Creativity
The process of implementing new ideas.
Innovation
The process of identifying an opportunity, developing resources, and assuming the risks associated with starting a new business.
Entrepreneurship
A person who starts a new business.
Entrepreneur
An Analytical thought process that follows the steps and rules of logic.
Convergent Thinking
A thought process that relies on the generation of many ideas, random connections, observations, and interpretations.
Divergent Thinking
A term used in business to describe a group within an organization that is given a high degree of autonomy and is unhampered by bureaucracy.
Skunk Works
Part of the research and development branch of organization that focuses on the development of entrepreneurial ideas.
Idea Incubator
The activity of identifying opportunities to help society in some way with financial gain taking a secondary position if it factors in at all.
Social Entrepreneurship
The point at which expenses equal income.
Break-even Point
A formal document that states the nature of a business and its goals and outlines how the business will succeed.
Business Plan
Someone who provides money as a loan and is, in return, paid back with interest.
Investor
A person or a small group of people who offer money to a start-up in exchange for a stake in the business.
Angel Investor
An employee who behaves like an entrepreneur inside his or her own organization.
Intrepreneur
A company that seeks to earn a profit through investments in start-up firms or companies that are undergoing dramatic change.
Venture Capitalist Firm
Small Business Investment company; a financial institution that makes loans to entrepreneurs under the auspices of the small businesses administration, a U.S. federal government agency.
SBIC
The ownership of a creative thought or idea and legal control over the representation of the thought or idea.
Intellectual Property
A legal grant given by the U.S. patent and trademark office that prevents anyone other than the grant holder from manufacturing, selling, or utilizing a particular invention.
Patent
The exclusive rights granted to the creator of an original work, which includes the rights to copy, distribute, and adapt. These rights can be licensed or transferred.
Copyright
Any distinctive sign, image, slogan, etc,.. Used to identify a product or service as originating from a particular individual, business, or legal entity.
Trademark